Oppenheimer & Co. Inc. Reduces Position in Match Group, Inc. (NASDAQ:MTCH)

Oppenheimer & Co. Inc. trimmed its holdings in shares of Match Group, Inc. (NASDAQ:MTCHGet Rating) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,249 shares of the technology company’s stock after selling 282 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Match Group were worth $854,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of MTCH. Quent Capital LLC increased its holdings in Match Group by 27.9% in the first quarter. Quent Capital LLC now owns 655 shares of the technology company’s stock valued at $71,000 after buying an additional 143 shares during the last quarter. Manchester Capital Management LLC increased its holdings in Match Group by 8.3% in the first quarter. Manchester Capital Management LLC now owns 1,896 shares of the technology company’s stock valued at $206,000 after buying an additional 145 shares during the last quarter. Trust Asset Management LLC increased its holdings in Match Group by 5.9% in the first quarter. Trust Asset Management LLC now owns 2,833 shares of the technology company’s stock valued at $308,000 after buying an additional 158 shares during the last quarter. CENTRAL TRUST Co increased its holdings in Match Group by 16.7% in the first quarter. CENTRAL TRUST Co now owns 1,189 shares of the technology company’s stock valued at $129,000 after buying an additional 170 shares during the last quarter. Finally, Institutional & Family Asset Management LLC increased its holdings in Match Group by 42.1% in the second quarter. Institutional & Family Asset Management LLC now owns 577 shares of the technology company’s stock valued at $40,000 after buying an additional 171 shares during the last quarter. 94.43% of the stock is owned by hedge funds and other institutional investors.

Match Group Stock Down 5.4 %

Match Group stock opened at $48.68 on Tuesday. The company’s fifty day simple moving average is $48.72 and its 200-day simple moving average is $63.24. Match Group, Inc. has a 12 month low of $40.23 and a 12 month high of $149.83. The stock has a market cap of $13.60 billion, a P/E ratio of 147.52, a P/E/G ratio of 0.70 and a beta of 1.16.

Match Group (NASDAQ:MTCHGet Rating) last posted its quarterly earnings results on Tuesday, November 1st. The technology company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.07). Match Group had a net margin of 3.39% and a negative return on equity of 94.07%. The company had revenue of $809.55 million for the quarter, compared to analysts’ expectations of $793.03 million. On average, equities research analysts expect that Match Group, Inc. will post 2.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MTCH has been the subject of several research analyst reports. Barclays lowered their price objective on Match Group to $64.00 in a report on Tuesday, August 9th. Morgan Stanley decreased their target price on Match Group from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday, October 11th. Jefferies Financial Group decreased their target price on Match Group from $90.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Loop Capital downgraded Match Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $70.00 to $60.00 in a research note on Wednesday, September 14th. Finally, The Goldman Sachs Group decreased their target price on Match Group from $80.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, October 18th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.13.

About Match Group

(Get Rating)

Match Group, Inc provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.

Featured Stories

Institutional Ownership by Quarter for Match Group (NASDAQ:MTCH)

Receive News & Ratings for Match Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Match Group and related companies with MarketBeat.com's FREE daily email newsletter.